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wiseassowl

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wiseassowl

Re: aaron_03 post# 2379

Monday, 11/02/2015 12:03:27 PM

Monday, November 02, 2015 12:03:27 PM

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Chapter 11 cases can drag on for years. Fortunately, this one appears to be basically done. Next step would be to let the liquidating trust pay back creditors with whatever's left (usually pennies on the dollar). You can take the tax loss next year. Just need to document for the IRS. The trust could end up with a clean shell that could be sold off. Shareholders could get something there, but the chances are remote.
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